Word: monday
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Timothy Geithner, you're on your own. If Geithner, who was confirmed as Treasury Secretary late Monday, plans on waiting until a consensus forms on what to do with the second half of the $700 billion bank rescue fund approved by Congress in early October, he may be waiting awhile. Economists, Wall Streeters and industry analysts are split on how best to spend what remains in the Troubled Asset Relief Program (TARP), which has done anything but offer relief...
...Monday the U.S. district attorney's office in Central Islip, N.Y., arrested Nicholas Cosmo, founder and owner of Agape World Inc. and Agape Merchant Advance LLC in Hauppauge, N.Y., charging him with a $370 million mail fraud. Agape claims it has been in the business of providing private bridge loans to commercial real estate companies and builders. The Feds don't seem to agree...
...officials are trying to simultaneously reassure residents and urge them to be vigilant without resorting to vigilantism. "This is a situation no one has prepared themselves for. No one would expect that we would have individuals who would go out and covertly terrorize this community," he told TIME on Monday, several hours before a packed city-council meeting that addressed the crisis. "We can protect ourselves by not giving these 'opportunists' an opportunity to do things to us," he said. "For example, we talked about turning your porch light on at night to light up the neighborhoods, removing any kind...
...early hours of Sunday, as firefighters were finishing up at the scene of the latest fire, Matthews told local media that the blazes "may in fact be gang-related," but he has not repeated that statement in other news reports. Eggleston refused to confirm the gang connection on Monday, but he did say the fires are clearly the work of more than one arsonist. He wouldn't speculate, though, on whether they were coordinated events or unrelated copycat incidents. "We don't want to divulge the information we have, especially to the media, because the bad guys read the paper...
Feeling they were on the verge of a breakthrough, Jaquiss and Willamette Week went after Adams again. The new mayor denied the claims again. But on the Monday before Inauguration, he called his colleagues and supporters to say there was truth to the charges. "I believe what I said was, 'You're a f___ing moron,'" says Wiener. "I was, and am, pissed and saddened by it." Another former ally, Randy Leonard, one of Portland's four city commissioners, was also dismayed, not least because Adams' story kept changing. His original version, a mentoring relationship, became a romantic liaison that...